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On July 31, the Elleph Company's Cash account has a $18,182 debit balance, but its July bank statements shows a $22,381 cash balance. Use the following information to reconcile Branch Company's cash account. a. Check No. 1573 for $1,725, Check No. 1583 for $371, and Check No. 1593 for $7,812 are outstanding checks as of July 31. b. Check No. 1574 for July rent expense was correctly written and drawn for $1,720, but was erroneously entered in the accounting records as $1,920. c. The July bank statement shows an $1,880 NSF check. The check had been received from a customer, Evan Smith. The company has not yet recorded this NSF check. d. The July bank statement shows the bank collected $8,500 cash on a note for Elleph Company. Elleph Company had not recorded this event before receiving the statement. e. Elleph's July 31 daily cash receipts of $12,513 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement. f. The July statement shows a $16 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been received.

On July 31, the Elleph Company's Cash account has a $18,182 debit balance, but its July bank statements shows a $22,381 cash balance. Use the following information to reconcile Branch Company's cash account. a. Check No. 1573 for $1,725, Check No. 1583 for $371, and Check No. 1593 for $7,812 are outstanding checks as of July 31 . b. Check No. 1574 for July rent expense was correctly wotten and drawn for $1,720, but was erroneously entered in the accounting records as $1,920. c. The July bank stafement shows an $1.880 NSF check. The check had been received from a customer, Evan Smith. The company has not yet recorded this NSF check. d. The July bank statement shows the bank collected st, 500 cash on a note for Elleph Company, Elleph company had not recorded this event before recelving the statement. e. Elleph's July 31 daily cash receipts of $12,513 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement. f. The tuly statement shows a 516 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been received. Eleph Company Bank Reconiliation July 31 Bank statement balance Add Deduct Adjusted bankbalance Bankstatementbalance Add Deduct Adjusted boos balonce

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